Cash-to-accrual assignment

Need help with Required 1&2.

Kyten Wison is the owner of Wison's Turt Magit, a datibutor of golf course fertilizers and assorted supplies. The foliowing is a balance sheet of the company as of Decernber 31. 2a20. Wison has asked you to help him prepare 2021 financial statements footh cash ard accrual) for his business. Your analysis of his 2020 cash transactions recorded in the company's bark acoount indicates receipts and experses as follows: Deposits $184.200 (all from eusomers except for a $10,000 finareing note) Expenses Other indormation: 1. Ar balance at 31 Dec 2021,59200 2. Avp balance at 31 Dec 2021. $8.700 3. Salaries psyable at 31 Dec 2021, 31,800 4. Equipenent is depreciated over a 10 -year iffe with no salvage value. The equpment - purchased in 2021 was done so on July 1. 5. Interest payable at 31 Dec 2021,5140 6. INV at 31 Dec 2021,517.400 Required Prepare the following: 1. Accrual income statement for 2021 (10 points) 2. Balance shoet as of 31 Doc 2081 (10 pointsi) Kyten Wison is the owner of Wison's Turt Magit, a datibutor of golf course fertilizers and assorted supplies. The foliowing is a balance sheet of the company as of Decernber 31. 2a20. Wison has asked you to help him prepare 2021 financial statements footh cash ard accrual) for his business. Your analysis of his 2020 cash transactions recorded in the company's bark acoount indicates receipts and experses as follows: Deposits $184.200 (all from eusomers except for a $10,000 finareing note) Expenses Other indormation: 1. Ar balance at 31 Dec 2021,59200 2. Avp balance at 31 Dec 2021. $8.700 3. Salaries psyable at 31 Dec 2021, 31,800 4. Equipenent is depreciated over a 10 -year iffe with no salvage value. The equpment - purchased in 2021 was done so on July 1. 5. Interest payable at 31 Dec 2021,5140 6. INV at 31 Dec 2021,517.400 Required Prepare the following: 1. Accrual income statement for 2021 (10 points) 2. Balance shoet as of 31 Doc 2081 (10 pointsi)